Otter Lake, MI Real Estate
According to census data in the year 2000 there were 179 housing units in Otter Lake.
This represents a 2.9% growth from 174 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 179 were located in what is classified as a rural area.
Homeownership rate in Otter Lake is about 71.3%.
Otter Lake's vacancy rate, including seasonal lodging, is about 10.6%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in Otter Lake were built after 1952.
|Housing Units by Size|
|Five Bedrooms or more||0%|
Owned Homes, Apartments and Condos
|Average Household Size||3.05|
|Median year structure was built||1954|
|Median Value of occupied units||$79,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.2|
|Median year structure was built||1949|
|Median Monthly Rent asked for vacant units||$342|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||11.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.5%|